Form 4: Rockwell Automation Executive Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Robert L. Buttermore, SVP, Chief Supply Chain Officer of Rockwell Automation, sold 1,664 shares of common stock at $290 per share under a pre-arranged 10b5-1 trading plan.
Summary
- On March 4, 2024, Robert L. Buttermore, the SVP, Chief Supply Chain Officer of Rockwell Automation, sold 1,664 shares of the company's common stock.
- The sale was executed at a price of $290 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan established on November 30, 2023.
- Buttermore also indirectly owns shares through the Company Savings Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares under a pre-existing plan.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of 10b5-1 plans allows insiders to sell shares over a period of time without being accused of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 11/30/2023 | Date of entry into Rule 10b5-1 plan |
| 12/31/2023 | Date of Savings Plan information furnished by the Plan Administrator |
| 03/04/2024 | Date of transaction (sale of shares) |
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